The Boulder Group Brokers $1.5M Sale of Building Near Chicago Net Leased to Advance Auto Parts

EAST CHICAGO, IND. — The Boulder Group has arranged the sale of a retail building net leased to Advance Auto Parts for $1.5 million. The facility is located at 1200 W. Chicago Ave. in East Chicago. A Midwest-based developer sold the asset to an East Coast-based private investor in a 1031 exchange. Advance Auto Parts’ lease expires in 2030 and features 7.5 percent rental escalations each renewal period. The immediate area features retailers such as Walgreens, PNC Bank, Strack & Van Til Grocers, McDonald’s, Dollar General, Burger King and Citizen Financial Bank. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction.